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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: pcstel who wrote (146517)10/27/2014 2:25:26 PM
From: Wharf Rat  Read Replies (1) | Respond to of 149317
 
"Our National debt increased 2.6Triillion under Reagan over 8 years."

That's one way of looking at it. Another is that the debt tripled under him. Tripled...300%

Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.
mises.org

"Our National debt increased the same amount in only 2 years between 2010 and 2012"

"As of Sept. 30, 2010, the last day of fiscal year 2010, the federal debt stood at exactly $13,561,623,030,891.79. "
cnsnews.com

so another 2.6T is about a 20-25% increase.